Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,282 shares of the technology company's stock after selling 4,054 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.05% of Watts Water Technologies worth $3,581,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WTS. Andina Capital Management LLC boosted its stake in shares of Watts Water Technologies by 3.3% during the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company's stock valued at $342,000 after acquiring an additional 52 shares during the last quarter. Portside Wealth Group LLC boosted its stake in shares of Watts Water Technologies by 2.5% during the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock worth $517,000 after purchasing an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Watts Water Technologies by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock worth $1,085,000 after buying an additional 65 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Watts Water Technologies by 3.8% during the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company's stock worth $423,000 after buying an additional 75 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of Watts Water Technologies by 1.2% during the second quarter. Banco Santander S.A. now owns 6,424 shares of the technology company's stock valued at $1,178,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 95.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WTS shares. StockNews.com upgraded Watts Water Technologies from a "hold" rating to a "buy" rating in a report on Friday, August 16th. Stifel Nicolaus decreased their price target on Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Northcoast Research upgraded Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target for the company in a report on Monday, November 4th. Finally, Robert W. Baird cut their price objective on shares of Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $200.25.

Watts Water Technologies Trading Down 1.6 %

Shares of NYSE WTS traded down $3.60 during midday trading on Tuesday, hitting $214.86. The stock had a trading volume of 123,536 shares, compared to its average volume of 145,382. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $221.19. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 3.07 and a beta of 0.90. The company has a fifty day moving average price of $205.19 and a 200 day moving average price of $197.68.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The company had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. During the same period in the previous year, the firm earned $2.04 earnings per share. Watts Water Technologies's revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, November 29th. Watts Water Technologies's dividend payout ratio (DPR) is presently 20.62%.

Insiders Place Their Bets

In related news, CFO Shashank Patel sold 4,569 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.10, for a total value of $955,377.90. Following the transaction, the chief financial officer now owns 15,635 shares in the company, valued at approximately $3,269,278.50. The trade was a 22.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total value of $4,415,882.00. Following the completion of the transaction, the chief executive officer now directly owns 176,045 shares of the company's stock, valued at $37,356,749. This represents a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,974 shares of company stock worth $6,924,594 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Watts Water Technologies Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.